Wyckoff trading method, page-1074

  1. 16,642 Posts.
    lightbulb Created with Sketch. 1291
    Cool, that's good......it was not necessarily an error, just that the probabilities were against you at that level, and when it is all cut back, charting is all about probabilities. Glad you didn't take offence at the critique, some people do......

    Your software must be quite good to allow that change.
    To be honest, (if you prefer) you might even be able to use candlesticks if the colours reflect close to close (I don't know if that is possible though).

    Yes, I thought you saw a test bar...it can be confusing......
    That CKF bar may in fact act like a test anyway (probably a 50/50 chance), as price has been in an uptrend and the bar may have been absorbing supply.
    And 'No Demand' bars are only confirmation bars of previous weakness.

    If you need to find some trading candidates, a look through @Ravgnomes potential reversal list in the test forum each night, would be a great place to start.
    I regularly see quite promising charts when I go through, looking for reversals, and sometimes select them as "interesting but" charts.
    (that is - interesting...but not really the kind of reversal I am meant to be looking for)
    Keep in mind, I am looking for a particular type of reversal on that thread,
    but the scan Rav does finds all sorts of charts, many of which are being supported, and are in an uptrends on the daily and weekly timeframes.
    (sadly, Rav is out of action until later this month, as he is having internet difficulties with Telstra)


    cheers,
    Last edited by Jako8557: 21/10/16
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.